#Myanmar announced at a virtual biz forum with #Japan on Wednesday it plans to have a 4th #SEZ Special Economic Zone in #Mon state. 3 other SEZs are #Thilawa in #Yangon, #Kyaukphyu in western #Rakhine & #Dawei, southeast of nation
globalnewlightofmyanmar.com/myanmar-japan-…
Except for Thilawa SEZ, backed by the #Japanese, the other 2 have not been very successful dealing with issues like a lack of funding/investments for #Dawei SEZ & damaging environmental/resources concerns for #Kyaukphyu SEZ, in addition to #Rakhine being seen as violence-prone
With this announcement of another #SEZ in #Mon #Mawlamyine, it appears #Myanmar is hoping to once again attract #Japanese investments & somewhat replicate & model the success seen in #Thilawa #Yangon. At least 50 Japanese firms operate in that SEZ.
In new #Myanmar #Mon state #SEZ, a deep-sea port is expected & also aimed at enabling connection to #Yangon #Thilawa #SEZ. Unclear how big new SEZ will be, how much investments targetted, what operational timeline is. #WorldBank estimated growth to decline to 0.5% in FY2019/2020
#Myanmar will hold its general #elections later this year on November 8. Government hopes to create more jobs, boost #economic growth through projects like new #SEZ. But #Japanese investments in nation have been criticised by some rights groups like @hrw hrw.org/news/2020/07/2…
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